'One Of The Worst Meetings We've Ever Had': Oil Prices Surge After Opec Fails To Raise Output At Tempestuous Session -- The Daily Mail
Tensions among members in the Organisation of the Petroleum Exporting Countries meant production levels remain unchanged - leading to a surge in oil prices.
The Opec nations will maintain present output with the option of meeting again within the next three months to agree to produce more barrels.
Secretary General Abdullah Al-Badri said: 'We are unable to reach consensus to... raise our production.'
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More News On OPEC
Brent at 5-week high on supply fears after OPEC -- Reuters
Oil prices surge as cartel fails to agree on boost in output -- Belfast Telegrah
Oil production and consumption: Running dry -- The Economist
Opec Likely to Regroup When the Price of Oil Falls -- Wall Street Journal
Russia is the big winner from the Opec debacle -- David Prosser, The Independent
Foreign Policy: OPEC Who? -- Steve LeVine, NPR
Who is afraid of commodity cartels? -- Financial Times editorial
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